Perth is Buzzing!
Perth, the sunny and beautiful capital city of Western Australia is commonly known as one of Australia’s greatest innovators of science and technology, largely thanks to Western Australia’s booming mining and energy production. Perth is bustling with entrepreneurs and innovation, both SME and large enterprises.
Perth can truly be defined as a global city, largely due to its proximity to Asia, making it a bustling hub of agriculture, tourism and hospitality, food and education. With a population of over 2.1 million (2020), if you are currently looking to buy a business in Perth, there are countless opportunities available to you.
What Types of Businesses for Sale are Popular in Perth?
Perth, being a capital city, has a large array of businesses available for sale. As always cafes, restaurants and bars are extremely popular, as are tourism-style businesses, building and construction and manufacturing businesses. Childcare is flourishing due to a large amount of the workforce being involved in FIFO/mining. Western Australia is well known for its mining industry, so Perth is also a good choice for those looking for civil construction businesses as well.
So You’ve Made the Decision to Buy a Business in Perth?
At the moment, the City of Perth is offering millions of dollars in initiatives for businesses looking to innovate their practices. For example, the Local Activation Grant offers businesses up to $15,000 in support for events and businesses that participate in local events that activate the community in activity. This is a great chance to market your business and engage with the local community!
When buying any business it is strongly recommended that you conduct your due diligence. Ensure you have evaluated any risks, as well as any opportunities to further extend and expand the business. You will want to assess the financials, including operational costs and assets.
Advance Business Brokers can assist with many of these enquiries and provide links to professionals in all areas of buying a business.
Are you buying a business in Perth? Do you have a Perth business for sale? For more information on how you can get the best results, contact Angela at Advance Business Brokers today.
